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20121126
20121126
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party pass on a pledge, the vow never to raise taxes no how, no way, and today a way for a growing number of republicans to say, sorry, grover, it is over. that pledge we signed turns out it wasn't written in permanent ink. welcome, everyone, i am neil cavuto and don't look now but i think americans for americans for tax reform and the zealot could be pumped. grover norquist himself on what appears to be a revolt on the right, half dozen republican senators would have disown add pledge that isn't feasible now including oklahoma senator coburn, arizona's john mccain, south carolina's graham, idaho's crapo, tennessee's alexander, and georgia's sam bliss. it is not that they have all become antipledge, more like, well, antisweeping pledge. particularly the party of that pledge that called for resisting any move to end any tax break. to hear georgia's chambliss, too rigid, too inflexible, noting times have changed significantly, and i care more about my country than i do about a to-year-old pledge. if so, so what now? norquist in a second, to bob on republicans increasingly happy to ma
's the simultaneous convergence of tax increases and spending cuts designed to pressure lawmakers accepting other negotiated deficit reduction changes. it includes expiration of the bush era tax cuts that would effect everyone. expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that wo
you should think about it. it all depends on what my tax rate will be on the game that we will make. only in grover's imagination does such a response exist. it is quite another when republicans talk like this. >> i am not obligated on the pledge. the only thing i am honoring is the oath that i take when i am sworn in this january. >> the only pledge we should be making to each other is to avoid the coming brief. republicans should put revenue on the table. >> i would have signed -- i will not attack japan today. the world has changed. the economic situation is different. connell: the man behind this pledge, it sounds like, at least the storyline is, that you are losing your considerable influence within the republican party. >> well, first of all, our friend warren buffett a to get a confident ghostwriter. it is counterfactual and it is counter historical. in his imagination, warren buffett goes to talk to people to invest with him. you have money. you have earned money. if the federal government takes it away, they do not have money to invest with warren buffett. there is a warm b
a dark fiscal cliff. a new government report warning is an increase in texa taxes wod crush the middle-class spending. the dow down 70 points. it seems republicans are changing their tune on taxes. i don't know. lou dobbs with us as more congressional leaders break from the antitax pledge. and two years after the signs in cairo they look the same. mohamed morsi moves for absolute power sparking violent clashes in the streets between his supporters and opponents. but first, it is time to check stocks as would every 15 minutes, let's head to the floor of the new york stock exchange. nicole, the market is down and out on the fiscal cliff. i'm afraid. nicole: there's a lot going on on wall street. selling across the board, down 72-point at the lowest .12900, so about 40 points off of the earlier lows, however we are seeing selling from sector to sector with its banks or drugs or retail. the areas that have been pretty good our technology, semi conductors holding on, utilities giving it a go after selling off on concerns of the fiscal cliff of his utilities is a group that paid h
said they will back down on taxes as long as there is one condition. >> steve: this time the white house has a better idea. wait until you hear who they are bringing back to lead the negotiations. yimpt powerball jackpot. $425 million . if you think you are more likely to get struck by lightning than win it big. the guy who won eight times who has the secret. >> steve: does he have the numbers. >> brian: "fox and friends" begins now. >> steve: hi, folks, live from studio e. i am sick of turkey. and i am sick of gravy. we had it five-days. >> gretchen: i know, i have a big huge bird sitting in my refrigerator and attempt to make soup out of it later today. >> brian: so it is not alive. >> gretchen: it didn't gobble. >> brian: i went to the movies and i have another movie. >> gretchen: i saw santa claus over the weekend. >> brian: ian loves it. i will tell you in a while. >> gretchen: no. >> brian: steve, saw one of my recommendations on saturday and you feel. >> steve: i am stopping to listen wu. >> gretchen: can you tell us now. >> steve: some of his movies i like a lot. >> gretche
specifically, that's a series of tax increases and spending cuts together set to go into effect on new year's day if they cannot agree on a budget before then. president obama and congressional leaders have been talking and possibly to come this week. it's november 26th. they don't have a lot of time. peter doocy with the news from washington. >> harris, republicans and democrats alike think that closing loopholes to raise revenue is a good idea. republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but only if democrats agree to reform entitlements like social security and medicare. >> i don't expect the democrats to go for premium ouci do expect them to adjust these entitleme
to pay tax i think on your winnings in the u.s. but there is also only a one in 176 million chance of winning. but what would you do if you did scoop the top prize? e-mail us at worldwide@cnbc.com, @cnbcwex, or @rosswestgate. >>> and warning of an impact of the strong yen on growth, but the job of solving that doesn't lie on the bank of japan alone. more when we come back. >>> it's cyber monday and shoppers are expected to spend more than $1.5 billion. >> from the moment you check out at amazon.com, the prz begins. your item is picked, sorded, packed and shipped. this is what the holidays look like here at amazon. to give you perspective, this is just one of 40 fulfillment centers across the country packed with thousands of items in time for the holiday rush. and they'll need them. last cyber monday, they sold more than 200 items per second. one glance at the shelves and it seems work hes put stuff wherever they can find space. >> it helps associates where they don't have to worry about putting things. >> so wherever there is space, there will be product. gr and it doesn't matter c
season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they don't, automatic tax increases and spending cuts will go into effect january 1st. both parties say they are ready to compromise but still no real progress has been made. >>> 7:33. one bay area hospital demanding to be reimbursed by the los angeles dodgers for the treatment it gave to bryan stow, the giants' fan brutally beaten in l.a. brian flores is live at san francisco general hospital with more. >> reporter: hi, dave. san francisco general hospital is seeking a $1.2 million medical reimbursement from the dodgers for medical care of bryan stow. the hospital went to -- hospital went to u.s. bankruptcy court in order to seek permission for this. now, stow who continues to receive around-the-clock rehabilitation treatment,
will do entitlement reform. >> the key sticking point is what 0 do -- to do about taxes. they want to raise taxes and republicans don't want to. they are willing to cap certain deductions. >>> and perspective police officers, you can start applying for jobs at the san francisco police department this morning and they will start accepting applications for entry level police officers. eligible application cans have to be at least 20 years old, have a valid california driver's license and high school diploma or equivalent. it will end on friday december 7th and the starting pay for a san francisco police officer is 88,000 dollars a year. well for the san francisco 49ers there are quarterback questions all over again. it happened for the second straight game for the quarterback and coming up, what coach jim harbaugh is saying about who will be his starter in the future. >>> we have been talking about fog and i'm not sure if there is an incident in south san francisco. northbound at the 380 split, just north of fso, let's head out to our maps and a bicycle is laying on the shoulder and
on now traffic bagging past the west grand over -- backing past the west grand overcrossing, fact tax getting by nicely, suggestish upper deck, very foggy, fog -- advisory for all bay area bridges, bumper-to-bumper out of tracy towards altamont. out of antioch very slow towards pittsburg and concord typical for this time of morning. leaving santa rosa 101 southbound a grind to novato, 80 east shore freeway, there's 680 to the 580 corridor. our waze app is free you can see your commute through san pablo and el cerrito, very slow, fog is a factor all morning, take extra care download this app free. >>> the fog can make the commute difficult. amy hollyfield joins us live from the bay bridge toll where the conditions there now look pretty foggy. >> reporter: it is thick. take a look at what the cars are going through behind me. you can see their tail lights, pretty thick and tough to see, far in front of you the kind of fog if you close your eyes and spun around a couple of times and opened your eyes you wouldn't figure out which direction you were facing, you can see far here's video we
Search Results 0 to 9 of about 10